AECOM has come up with a new tool, with which to assess hotel investment viability, the company says. Called HINT (Hotel Investment Tool), it should be launched at IHIF 2013 in Berlin. The easy-to-use tool allows users to see the potential value, cost and return on investment by entering a number of variables, such as location, hotel typology and revenue assumptions. It combines AECOM’s operational knowledge with cost data from the firm Davis Langdon. This can help clients check their development ideas without cashing out large sums for extensive studies early in the process.
AECOM claims that what makes it unique is the way that it brings together intelligence from two disciplines (cost consultancy and economic feasibility) that traditionally have been commissioned separately,” commented Kevin Underwood, AECOM’s global head of leisure and culture. “We are excited to share HINT with our clients and hotel operator contacts who have expressed a keen interest in using a tool such as this that provides an early indication of a hotel project’s economic viability.”
